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'- APPROVAL 4 W CXXTI NI" Pdifk eau aaXZK# APA*Z XWr afigsrASIMM � <br /> AQVXMMW <br /> Sisk wond..ed why there would be such a significant reduction in <br /> the amount of guarantee from 1150 to 151 duo to the minimum amount <br /> laprovaments associated with the developments. He wanted <br /> to know the dollars involved. _ <br /> Peter Mornkamp, Plattner, stated that it was reduced at the request <br /> of the applicant. )formally, there is a Subdivision improvements <br /> Agreement that covers the public improvements. In this particular <br /> case, .both sites ware already platted, so there was not the normal <br /> subdivision agreweent. There wore some public improvements that <br /> were necessary a3 part of thin project, so staff felt that it was <br /> appropriate that a development agreement, similar tc the normal <br /> subdivision agreement, be prepared to insure those costs. He <br /> explained that in looking at the requested reduction, one thing the <br /> City insisted upon was that no Certificates of occupancy (C.O.) <br /> shall be issued by the Euildinq Division prior to construction � <br /> acceptance of the public improvements, which is contained in the <br /> Development A;roemont. Page 3, X.G. With regard to the dollar <br /> amounts, the city engineer had reviewed the proposed Exhibit B. <br /> Thera are some adjustmants and corrections that will need to be <br /> made to that for the final document. one of the comments was to <br /> provide sub - totals and totals on Phase I, Centennial Park, the <br /> total amount being $44,000 +. There was not an inclusion or the <br /> public sidewalks in the adjacent right -of -way, which will need to �- <br /> be added and for any landscaping that needs to be inc.udsi i« the OEM- <br /> right--~t-way. The total on Exhibit a is approximately $65,500, <br /> which wo�ild be Lncteased to reflect &ublic sidewalks. <br /> sisk: Have we bean doing this with other <br /> developments? Concerning Ponderosa <br /> Pines, I think the city did not do a s <br /> good job in administering that <br /> subdivision. I hate to sea us get <br /> ourselves into a position or looking <br /> at these developments on an ad hoc <br /> basis. I took it, when the fi <br /> development came in, that the <br /> developers agreed to pay 1150. That <br /> was knowr 7oinq in. I trust that <br /> that's boor. our policy. <br /> Jim Loftus, 2450 Willow Croak Drive, Boulder, Colorado, a partner <br /> in the project, stated that he didn't think there was ever any �- <br /> A significant discussions about putting up an I.C. It was never <br /> considered a major issue. They approached the Planning Department <br /> about a reduction in the LC because everything that they're doing <br /> that has to do with utilities and righte -nt -way in the city they're <br /> doing right now. They will be done with a•L1 of the water and sever <br /> lines in three weeks. So, their g= .estion was, it they are going to <br /> lI MEM <br /> •. ��"" . T om. ,;3� ►„ .ir •i.. ,�t. n.. "FV ' <br /> 1 r �'.i �. ^ aR , �'.f..'eSf�{ may - �,�• . .A 1 r � ♦.. �_ 1'.t <br /> h. R `k • +T'` �t`R ' `y;,f� ��'�l��M������`�A i'� ���'.i � y i. �' ' k * Y �1'.' J . } <br />